Tag: Closing Costs
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Insiders Explain: How Some Home Buyers Get Out of These 4 Common Closing Costs
Title agents say home buyers sometimes pay more than they need to at closing. Why? For one thing, picking all the fees apart usually won’t be a priority during the stressful days leading up to a final loan approval. And who wants to get picky at closing? That’s when a buyer is tired and itching…
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Could Your Home Equity Help Your Adult Child Get a Deed?
Hard to believe 30-year, fixed mortgage rates were under 3% six years ago. Today’s rates are well over 6%. And, according to new Census figures, home prices are averaging above a half-million dollars as we go to press. So if your adult child is struggling to save for a home, well… no wonder. Meanwhile, perhaps…
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Ready to Buy? A Title Search Belongs on Your Checklist
A title search is one of the key steps in protecting your ownership interest when you buy a home. It reviews the property’s recorded history to uncover issues that could affect the deed, the seller’s right to transfer the property, or your ability to sell the home later. In a typical purchase, the title search…
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Between Signing My Purchase Agreement and Closing: What’s Going On?
What goes on between the day you find your seller and the day the seller hands you the keys? If you’re new to home buying, you’ll be curious about each step. And if you haven’t closed on a home in a long time, you might want a refresher. Once you sign the agreement, a…
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Out of Control: Title Insurance and Other “Extras” Home Buyers Pay
$18K annually. That’s what the average homeowner pays to be one — above and beyond the price of the home and mortgage, property taxes, and utilities. Mortgage closing costs make up a third of that figure. U.S. housing costs are outpacing the country’s overall inflation. Homeowners’ insurance alone is up 11% year over year. And…
